-1.30 (-0.54%) Godawari Power & Ispat’s Associate Company -- Jagdamba Power and Alloys (JPAL) -- has resumed power generation. The 25 MW Power Plant of Jagdamba Power and Alloys situated in Siltara Industrial Area, Raipur (C.G.) has been connected to the company's Integrated Steel Plant.
The entire power generated by JPAL shall be captively consumed in the company's Integrated Steel Plant to optimize its capacity utilization in Steel Billets Plant which is currently operating at 50% to 60% utilization.
Godawari Power & Ispat is engaged in the production of sponge iron, steel billets, ferro alloys, HB wires, oxygen, fly ash bricks and is also in the power business. GPIL is a flagship company of Raipur-based Hira Group of Industries, which is an integrated steel manufacturer and is having dominant presence in the long product segment of the steel industry; mainly into mild steel wire.